The 280 acres comprises the Eldorado Polo Club, Triangle Bar Farms, Fish Creek and Ambassador Glen Holden's property. The terms of transaction were not disclosed, but the Eldorado Polo Club has been used as the site for camping and parking for the Coachella Festival and its sister festival, Stagecoach. With the purchase, Goldenvoice will no longer have to lease those properties.

It is unclear whether the company could move the festival from the Empire Polo Grounds, with which it has a long term partnership to stage Coachella and Stagecoach.

"We have a lot of land," Lynn Bremner, director of polo marketing for the Empire Polo Club said Sunday afternoon when reached on her cell phone.

Asked how the purchase of the adjacent land by Goldenvoice might impact the future of the Empire Polo Club or the two festivals, Bremner replied: "We have no comment at this time."

Goldenvoice representatives were not available to comment, but the property acquisition would seem to open the doors to the company doing more programming throughout the year -- and to boosting its revenue streams from the Coachella and Stagecoach festivals.

Goldenvoice is owned by AEG live, which is the world's second largest live events promoter and owns a controlling interest in Valley View Casino Center (formerly the San Diego Sports Arena). Goldenvocie also has an exclusive contract to book Humphrey's Concerts by the Bay, which this year celebrates its 31st anniversary.

This year sees the Coachella festival expand to two weekends, April 13-15 and April 20-22, both of which are sold out. Stagecoach will be held the following weekend. Both Coachella festival weekends this year feature the same musical lineups and will be headlined by Radiohead, Black Keys and Dr. Dre & Snoop Dogg.